Commentary and musings on the complex, fascinating and peculiar world that is securities regulation
Friday, May 07, 2010
Tennessee Revises Electronic Form D Policy for 505 and 506 Offerings
Tennessee’s electronic Form D policy for Rule 505 and 506 offerings was revised as follows:
For Rule 505 and 506 offerings, issuers’ filing in Tennessee a print copy of the electronically filed Form D with the SEC no longer have to include a manual signature or a Form U-2, Uniform Consent to Service of Process. For Rule 506 offerings, issuers must now include a statement indicating the date the securities were first sold in Tennessee (if a sale takes place).